Hanmi Financial Co. (HAFC) to Issue Quarterly Dividend of $0.25 on May 22nd

Hanmi Financial Co. (NASDAQ:HAFC) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Monday, May 6th will be given a dividend of 0.25 per share by the bank on Wednesday, May 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date is Friday, May 3rd.

Hanmi Financial has increased its dividend payment by an average of 24.4% annually over the last three years. Hanmi Financial has a payout ratio of 42.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hanmi Financial to earn $2.22 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 45.0%.

Hanmi Financial Price Performance

Hanmi Financial stock opened at $15.82 on Friday. Hanmi Financial has a 52-week low of $13.35 and a 52-week high of $20.31. The firm has a market capitalization of $479.03 million, a price-to-earnings ratio of 6.59 and a beta of 0.95. The company has a fifty day simple moving average of $15.24 and a 200-day simple moving average of $16.43. The company has a quick ratio of 1.00, a current ratio of 0.98 and a debt-to-equity ratio of 0.43.

Hanmi Financial (NASDAQ:HAFC) last released its earnings results on Tuesday, January 23rd. The bank reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Hanmi Financial had a net margin of 17.63% and a return on equity of 10.70%. The business had revenue of $59.82 million during the quarter, compared to analyst estimates of $63.43 million. On average, equities analysts anticipate that Hanmi Financial will post 2.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HAFC shares. Wedbush reissued a “neutral” rating and issued a $17.00 price objective on shares of Hanmi Financial in a report on Wednesday. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $18.00 price objective (down previously from $18.50) on shares of Hanmi Financial in a report on Wednesday.

About Hanmi Financial

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.